Member Info for blackgold00

No, ARA, AEX, are right out of his league, he is of no benefit to them.

0.996p paid

Yep, all looking good, let's see where the sp goes this week : )

which way will the sp go ? i think we'll find out soon enough

I'm going to bet 0.95. : )

its getting closer to the first 3D results RoJo, im thinking the SP could/should/will be over 1p leading up to the results due in two-three weeks time ? of course it could be a lot higher than that and i wouldn't care. : )

" For whatever reason" lol, like maybe, the aex board, ain't, won't, don't need to, pay him anything, to publicise the quality of the RUvuma assets. ??

But what if there were several big orders placed and the broker were trying to achieve a price say at .90p ish

Yes bigpat, there's a lot of good info out there now, that you're not going to get from our corrupt totalitarian main-stream media, i do feel for the youngster's though, who have neither the knowledge experience and wisdom to distinguish between bull**** and the truth. But hey ho, i guess that's how its meant to be, the elites running the show : )

I really do not rate Malcy, and consider it would be of little benefit. AEX BOD do not need the likes of malcy to publicise the quality of the assets. : )

SORRY ABOUT THAT.
Well, i really don't know how this well work out for SCIR, cash-calls from the Economic Date of 1 January 2022 must be stacking up by now, and which, ARA could exercise their rights if SCIR were to default on them. As see it, what ever the deal between SCIR and WEN, the cash-calls need paying on time. Perhaps SCIR should had ensured that timely moneys was going to be available for cash-call. ??

13 June 2022 (Ruvuma Divestment and announcement)
·" Wentworth to provide Scirocco with a loan of up to $6,250,000 to meet all cash calls pursuant to the Ruvuma JOA arising between the Economic Date of 1 January 2022 and expected Completion timeline."· "The first $3m to be drawn under the loan is interest free however any amounts drawn in excess of $3m will incur interest at a rate of 7% per annum until such time as the grant of the security in respect of the loan is approved by the Minister for Energy in Tanzania"

01.08.2022
"Further to the Company's announcement on 12 July 2022, the Company is in active discussions with TPDC on its position regarding TPDC's statutory right of first refusal with respect to the Company's divestment of its 25% interest in the Ruvuma asset. The Company is also maintaining a dialogue with ARA Petroleum Tanzania Limited on its intention to exercise its pre-emption right and will update the market in due course with regard to the status of the respective discussions."

well, i really don't know how this well work out for SCIR, cash-calls from the Economic Date of 1 January 2022 must be stacking up by now, and which, ARA could exercise their rights if SCIR were to default on them. As see it, what ever the deal between SCIR and WEN, the cash-calls need paying on time. Perhaps SCIR should had ensured that timely moneys was going to be available for cash-call. ??13 June 2022 (Ruvuma Divestment and announcement)·" Wentworth to provide Scirocco with a loan of up to $6,250,000 to meet all cash calls pursuant to the Ruvuma JOA arising between the Economic Date of 1 January 2022 and expected Completion timeline."· "The first $3m to be drawn under the loan is interest free however any amounts drawn in excess of $3m will incur interest at a rate of 7% per annum until such time as the grant of the security in respect of the loan is approved by the Minister for Energy in Tanzania"01.08.2022"Further to the Company's announcement on 12 July 2022, the Company is in active discussions with TPDC on its position regarding TPDC's statutory right of first refusal with respect to the Company's divestment of its 25% interest in the Ruvuma asset. The Company is also maintaining a dialogue with ARA Petroleum Tanzania Limited on its intention to exercise its pre-emption right and will update the market in due course with regard to the status of the respective discussions."

i think the only reason the spud date might be moved on say a month or two, is if, after (3D interpretation) the CH-1 location is changed and moved, and a new site needs to be prepared. but even that is no big deal on the scale of things.

"APT has recently received the first batch of field seismic data and expects to have processed and interpreted sufficient data to confirm the final drilling location of the Chikumbi-1 ("CH-1") well before the end of August. "

yes a very fair comment, and thats just for the Ntorya cretaceous prospect, the well, will also be exploring the Jurassic formation.
slide 11
http://admin.aminex-plc.com/uploadfiles/2022%20AGM%20Presentation.pdf

I know what you mean RoJo. Lol

I don't know, You can't help but feel that SCIR let themselves get into a very valuable position, with potentially a very valuable asset. But hey ho

Did WEN state conditions of loan, interest rates and length of time, I wonder ?

All a bit grey now it would seem, I think WEN was providing a loan of sorts, but I would had thought that scir 3D cash call would have been rolling in by now that scir are comitted to pay, and there is a strict time limit in witch to do so.

Yes, quite right Crusty, I'm not banking on anything anymore, especially re Aminex. Lol
Though I think we're all feeling more confident now than we have been in the past. Well maybe with one exception though, hey Ro Jo : )

Crusty, yes we do already have a large GIIP resource, but, we know the current resource has been calculated by 2D seismic, which is far less accurate and hence the numbers quoted for the GIIP at present Carrie's a lot more risk.
So I would disagree with your assumption that the 3D results will have little affect on the SP, as the results will provide much more credibility and give assurance, in affect de-risking the GIIP calculations.